Stocks set to start the week with a pop

0
138
premarkets

Click on chart for more premarket data.

NEW YORK (CNNMoney) — U.S. stocks were set to move higher at the open Monday as commodity prices climb, and after all three indexes spent most of last week in the red.

Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures gained between 0.4% and 0.6% ahead of the opening bell. Futures measure current index values against perceived future performance.

On Friday, stocks posted moderate advances, as a steep sell-off in the euro dampened U.S. investor enthusiasm about a stronger-than-expected jobs report.

For the week, all three indexes closed down more than 1%, while commodity prices — especially silver and crude — declined sharply. Investors battled through a news-heavy week, capped by rumors that Greece was abandoning the euro.

Investors will continue to keep a wary eye on Greece, as reports indicate the debt-ridden country may be considering another bailout to fund its debts.

Companies: Sysco (SYY, Fortune 500) and Tyson Foods (TSN, Fortune 500) will release quarterly financial reports Monday before the bell.

Analysts surveyed by Thompson Reuters expect Sysco to report earnings per share of 41 cents, on $9.5 billion in revenue. Meanwhile, Tyson is expected to report $7.5 billion in revenue and earnings per share of 43 cents.

Economy: There are no major economic reports due out Monday.

World markets: European stocks were all lower in morning trading, as investors renew fears over Greece’s debt problems.

Britain’s FTSE 100 edged lower 0.7%, the DAX in Germany fell 1% and France’s CAC 40 slid 1.2%.

Asian markets ended the session mixed. The Shanghai Composite edged up 0.3% and the Hang Seng in Hong Kong rose 0.8%, while Japan’s Nikkei slid 0.7%.

Currencies and commodities: The dollar was little changed against the Japanese yen and the British pound, but dipped against the euro.

Oil for June delivery gained $2.82 to $100 a barrel.

Gold futures for June delivery rose $15.30 to $1,506.90 an ounce.

Silver futures for July delivery rose $1.81 to $37.10 an ounce.

Bonds: The price on the benchmark 10-year U.S. Treasury slipped, pushing the yield up to 3.18%.

U.S. stocks were set to move higher at the open Monday as commodity prices climb, and after all three indexes spent most of last week in the red. To top of page

Visit link:
Stocks set to start the week with a pop